Plan Snapshot
- Plan Sponsor: First Choice Health Centers, INC.
- Sponsor EIN: 061416492
- Sponsor Address: 809 MAIN ST, EAST HARTFORD, CT, 06108
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $5.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 114 | $5.0M | $252,798 | $526,582 |
| 2023 | 133 | $5.0M | $235,179 | $448,377 |
| 2022 | 120 | $4.7M | $185,023 | $368,679 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $17,399 | — | $17,399 |
| SMITH BROTHERS FINANCIAL, LLC | Investment Advisor | $12,871 | — | $12,871 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,270
- Estimated Expense Ratio: 0.611% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $30,270 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $4,890 | — | — | — | — |